Electrical hospitals beds Market Overview
According to Market Research Future (MRFR), the global electrical hospital beds market is expected to reach USD 2,595.4 Mn by the end of the forecast period of 2018-2023, with a CAGR of 7.25 percent. Electrical hospital beds are critical for patients who have limited movement. A rise in the number of patients with acute disease conditions such as paralysis, spinal injuries, and others has occurred in recent years, and electrical hospital beds are gaining momentum among these patients. Electrical hospital beds are simple to use and can be of considerable aid to unwell patients. Because medical emergency rooms see an inflow of patients with serious medical conditions, there is a significant demand for electrical hospital beds.
As a result of an increase in the frequency of accidents, wars, and natural disasters, hospitals are allocating more space to emergency rooms, which has increased demand for electrical hospital beds market. Furthermore, governments in a number of nations are overhauling their healthcare systems, which is boosting the demand for electrical hospital beds. Technological improvements that result in the improvement of electrical hospital beds and, as a result, a growth in the sale of electrical hospital beds. On the other hand, high expenses and maintenance expenditures may stifle the growth of the electrical hospital bed industry.
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Global Electrical hospitals beds Market Segment
The global electrical hospitals beds market has been segmented based on type, type of treatment, application, and end user.
- By type, the global electrical hospital beds market has been segmented into semi-automatic bed and fully automatic bed. The fully automatic beds segment currently stands at USD 1,029 Mn and is likely to scale up to USD 1,570.9 Mn by 2023 and capture the highest CAGR of 8.83% over the forecast period. Semi-automatic beds segment is likely to strike a CAGR of 5.07% over the forecast period.
- By type of treatment, the global electrical hospital beds market includes critical care, acute care, and long-term care. The critical care segment is the largest as well as the fastest growing segment and is expected to expand at a CAGR of 8.03% over the forecast period to scale valuation of USD 1,020.6 Mn. The acute care segment is expected to be the second largest segment and is expected to attain USD 865.4 Mn by 2023.
- By application, the global electrical hospital beds market has been segmented into general purpose, intensive care, delivery/birthing, bariatric, pediatric, pressure relief, psychiatric care, and others. The general purpose segment is leading the market and is expected to reach a market valuation of USD 836.4 Mn by 2023 with a CAGR of 7.29% over the forecast period. The intensive care segment is expected to be the fastest growing segment and capture a CAGR of 7.82% over the forecast period.
- By end-user, the global electrical hospital beds market has been segmented into hospital & clinics, reproductive care centers, dentistry, home, & others. Hospitals & clinics segment is dominating the market and is expected to expand at a CAGR of 7.25% over the forecast period. However, homecare segment is expected to be the fastest growing segment and register a CAGR of 8.81% over the forecast period.
Electrical hospitals beds Market Competitive Landscape:
The eminent players in the global electrical hospital beds market include Span America Medical System, Inc. (U.S.), Paramount Bed Holding Co., Ltd. (Japan), Famed Zywiec Sp.zo.o. (Poland), Hill Room Holding (U.S.), Stryker Corporation (U.S.), Invacare Corporation (U.S.), Amico Group of Companies (Canada), Medline Industries, Inc. (U.S.), Getinge AB (Sweden), ArjoHuntleigh (Sweden), Malvestio Spa (Italy), Midmark Corporation (U.S.), Merivaara Corporation (Finland), Gendron, Inc. (U.S.), and Linet spol.s.r.o. (Czech Republic).
Electrical hospitals beds Market Regional Analysis
The global market for electrical hospital beds has been divided into four regions: the Americas, Asia Pacific (APAC), Europe, and the Middle East and Africa (MEA).
In 2017, Europe was the largest market for electrical hospital beds, accounting for 34% of the global market. The market is driven by the presence of advanced healthcare infrastructure and a higher focus on patient health and comfort in the region. The United Kingdom, France, and Germany are the major contributors to the Europe market, which is expected to reach a worth of USD 906.4 million by 2023.
The Americas are the world's second-largest market for electrical hospital beds, thanks to significant healthcare spending in developed nations like the United States and Canada.
Over the projection period, the APAC market is expected to grow rapidly. High investment in healthcare infrastructure, the increase of medical tourism, and the availability of a large patient pool all contribute to the market's excellent growth prospects. Over the projected period, the APAC market is expected to grow at an annual rate of 8.47 percent.
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